Southern Missouri Bancorp, Inc. $SMBC Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,036 shares of the savings and loans company’s stock after selling 192 shares during the quarter. Hsbc Holdings PLC’s holdings in Southern Missouri Bancorp were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Southern Missouri Bancorp by 2.1% during the first quarter. Vanguard Group Inc. now owns 609,644 shares of the savings and loans company’s stock worth $31,714,000 after purchasing an additional 12,358 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Southern Missouri Bancorp by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 397,765 shares of the savings and loans company’s stock worth $22,820,000 after purchasing an additional 18,623 shares in the last quarter. American Century Companies Inc. raised its holdings in Southern Missouri Bancorp by 10.5% during the first quarter. American Century Companies Inc. now owns 229,885 shares of the savings and loans company’s stock worth $11,959,000 after purchasing an additional 21,788 shares in the last quarter. Northern Trust Corp raised its holdings in Southern Missouri Bancorp by 5.0% during the fourth quarter. Northern Trust Corp now owns 98,595 shares of the savings and loans company’s stock worth $5,656,000 after purchasing an additional 4,722 shares in the last quarter. Finally, ACR Alpine Capital Research LLC increased its holdings in shares of Southern Missouri Bancorp by 2.2% in the 1st quarter. ACR Alpine Capital Research LLC now owns 48,543 shares of the savings and loans company’s stock valued at $2,525,000 after acquiring an additional 1,067 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director William E. Young sold 10,000 shares of Southern Missouri Bancorp stock in a transaction on Monday, July 28th. The shares were sold at an average price of $56.30, for a total value of $563,000.00. Following the transaction, the director directly owned 94,987 shares in the company, valued at $5,347,768.10. This trade represents a 9.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.60% of the stock is currently owned by company insiders.

Southern Missouri Bancorp Stock Performance

Shares of Southern Missouri Bancorp stock opened at $57.08 on Wednesday. The firm’s fifty day simple moving average is $55.73 and its 200-day simple moving average is $54.01. Southern Missouri Bancorp, Inc. has a 12 month low of $45.10 and a 12 month high of $68.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $645.00 million, a price-to-earnings ratio of 11.02 and a beta of 1.03.

Southern Missouri Bancorp (NASDAQ:SMBC) last posted its quarterly earnings data on Wednesday, July 23rd. The savings and loans company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.16. Southern Missouri Bancorp had a net margin of 19.17% and a return on equity of 11.35%. The firm had revenue of $47.61 million for the quarter, compared to analyst estimates of $46.60 million. As a group, equities analysts forecast that Southern Missouri Bancorp, Inc. will post 5.06 earnings per share for the current year.

Southern Missouri Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.25 dividend. This is a positive change from Southern Missouri Bancorp’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Southern Missouri Bancorp’s payout ratio is 19.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SMBC. Keefe, Bruyette & Woods lifted their target price on shares of Southern Missouri Bancorp from $60.00 to $63.00 and gave the company a “market perform” rating in a report on Friday, July 25th. Piper Sandler began coverage on shares of Southern Missouri Bancorp in a report on Thursday, August 28th. They issued a “neutral” rating and a $66.00 target price on the stock. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Southern Missouri Bancorp currently has a consensus rating of “Hold” and a consensus target price of $64.67.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.